How to Lower Your Car Insurance Premiums in Malaysia

Car insurance is a necessary expense, but that doesn’t mean you have to overpay. With a few smart strategies, you can lower your insurance premiums while still getting adequate coverage. Here’s how you can save on your car insurance in Malaysia.

1. Compare Insurance Quotes

Different insurance companies offer different rates, so always compare multiple quotes before settling on a policy. Using online comparison tools or insurance aggregators in Malaysia can help you find the best deal.

2. Increase Your No-Claim Discount (NCD)

The longer you go without making a claim, the bigger your NCD. In Malaysia, a full five years without claims can get you up to 55% off your premium! Drive safely and avoid small claims to maintain your discount.

3. Opt for a Higher Deductible

A deductible is the amount you pay out-of-pocket before your insurance kicks in. Choosing a higher deductible lowers your premium. However, make sure you can afford it in case of an accident.

4. Bundle Your Policies

If you own multiple vehicles or need other types of insurance (like home or health insurance), bundling them with the same provider can earn you discounts.

5. Remove Unnecessary Coverage

If you drive an older vehicle, you might not need comprehensive coverage. Consider switching to third-party insurance to reduce costs.

6. Drive Less, Pay Less

Some insurers in Malaysia offer lower premiums for drivers who clock fewer miles annually. If you work from home or use public transport frequently, ask about mileage-based discounts.

7. Install Anti-Theft Devices

Having security features like GPS trackers, immobilizers, and dashcams can reduce your premium. Insurance companies see these as risk-reducing measures, which can lower your costs.

8. Stay Updated on Traffic Laws

Avoid fines from traffic camera Malaysia enforcement, as multiple offenses can impact your insurance rates. Safe driving habits can save you money in the long run.

9. Sell Your Used Car for a More Affordable Model

Luxury or high-performance cars come with higher insurance premiums. If your car is too costly to insure, consider selling it and switching to a fuel-efficient model. You can sell your car Malaysia hassle-free using online platforms like Motorist Malaysia.

10. Scrap Your Old Car

If your vehicle is old and constantly requiring repairs, it may be time to scrap your car. Older cars can be more expensive to insure due to their increased risk of breakdowns and accidents.

Sell Your Car Online with Motorist Malaysia

If you’re looking to sell your car online, sell a used car, or even jual kereta terpakai, the Motorist App is your go-to platform. You can get a free car valuation and connect with potential buyers effortlessly.

Lowering your insurance keretapremium doesn’t have to be complicated. With careful planning, safe driving habits, and smart financial decisions, you can significantly reduce your insurance Malaysia costs. Thinking about switching cars? Download the Motorist Malaysia app today to sell your car quickly and easily.

Download the Motorist App now and get the best price for your car!

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Download the Motorist App now. Designed by drivers for drivers, this all-in-one app lets you receive the latest traffic updates, gives you access to live traffic cameras, and helps you manage vehicle related matters.